NCK Business Down Payment Assistance Loan Program

Loan amount available:

$50,000 maximum/$5,000 minimum (subject to availability of funds).

Interest rate:
  • 3% fixed for term/amortization of 10 years or less
  • 5% fixed for term/amortization of over 10 years
Term:

Based on project need up to 20 years

Primary eligibility requirements:
  • Minimum of 10% from Applicant/Borrower
  • Business projects that appear viable
  • Good personal credit history
  • Request for assistance from a bank with a physical location in the NCRPC 12-county service area
Special features:

Unsecured, with owners as co-borrowers.

See Business Finance Program for assistance.

Return to Business Financing Resource Page